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NSTAR ELECTRIC COMPANY AND SUBSIDIARY CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities:      
Net Income $ 1,228,046 $ 1,212,686 $ 916,572
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:      
Depreciation 1,103,008 981,380 885,278
Deferred Income Taxes 347,056 257,154 209,812
Pension, SERP and PBOP (Income)/Expense, Net (14,693) 12,888 22,000
Pension and PBOP Contributions (182,344) (111,524) (121,782)
Regulatory Underrecoveries, Net (314,211) (516,411) (124,870)
Uncollectible Expense 60,886 53,461 63,446
Cost of Removal Expenditures (242,130) (148,332) (153,477)
Other (64,640) (25,957) (42,610)
Changes in Current Assets and Liabilities:      
Accounts Receivables from Subsidiaries (135,505) (351,843) (98,716)
Fuel, Materials, Supplies and REC Inventory (1,859) (15,404) (8,074)
Taxes Receivable/Accrued, Net (110,621) 43,819 (16,129)
Accounts Payable (29,201) 122,567 14,866
Other Current Assets and Liabilities, Net 5,569 (9,591) (11,603)
Net Cash Flows Provided by Operating Activities 1,962,600 1,682,572 2,009,577
Investing Activities:      
Investments in Property, Plant and Equipment (3,175,080) (2,942,996) (2,911,489)
Other Investing Activities 22,178 23,809 24,204
Net Cash Flows Used in Investing Activities (3,447,374) (4,129,275) (3,274,288)
Financing Activities:      
Cash Dividends on Common Shares (805,439) (744,665) (663,239)
Cash Dividends on Preferred Stock (7,519) (7,519) (7,519)
(Decrease)/Increase in Notes Payable 256,125 13,955 325,370
Issuance of Long-Term Debt 3,230,000 2,760,000 1,520,000
Retirement of Long-Term Debt (1,142,500) (327,236) (801,078)
Other Financing Activities (46,625) 14,273 (1,006)
Net Cash Flows Provided by Financing Activities 1,440,832 2,594,590 1,172,450
Net (Decrease)/Increase in Cash and Restricted Cash (43,942) 147,887 (92,261)
Cash and Restricted Cash - Beginning of Year 264,950 117,063 209,324
Cash and Restricted Cash - End of Year 221,008 264,950 117,063
NSTAR Electric Company      
Operating Activities:      
Net Income 476,569 445,001 431,956
Adjustments to Reconcile Net Income to Net Cash Flows Provided by Operating Activities:      
Depreciation 337,451 319,468 296,500
Deferred Income Taxes 57,507 72,595 27,107
Pension, SERP and PBOP (Income)/Expense, Net (26,120) (18,132) (12,399)
Pension and PBOP Contributions (30,000) (650) (6,359)
Regulatory Underrecoveries, Net (79,075) (186,081) (60,863)
Amortization of Regulatory Assets, Net 55,774 83,248 103,735
Uncollectible Expense 16,649 15,293 25,079
Cost of Removal Expenditures (58,967) (39,166) (44,363)
Other (32,447) (22,888) (33,857)
Changes in Current Assets and Liabilities:      
Accounts Receivables from Subsidiaries (45,774) (81,571) (11,087)
Fuel, Materials, Supplies and REC Inventory 17,182 (9,834) (9,858)
Taxes Receivable/Accrued, Net (16,219) (44,045) 14,147
Accounts Payable 31,650 25,573 (22,659)
Other Current Assets and Liabilities, Net (3,238) (32,997) 1,194
Net Cash Flows Provided by Operating Activities 700,942 525,814 698,273
Investing Activities:      
Investments in Property, Plant and Equipment (960,949) (907,000) (861,391)
Other Investing Activities 91 159 86
Net Cash Flows Used in Investing Activities (960,858) (906,841) (861,305)
Financing Activities:      
Cash Dividends on Common Shares (283,200) (262,000) (181,800)
Cash Dividends on Preferred Stock (1,960) (1,960) (1,960)
(Decrease)/Increase in Notes Payable   184,500  
(Decrease)/Increase in Notes Payable (32,500)   (268,000)
(Decrease)/Increase in Notes Payable to Eversource Parent (21,300) (9,000) 30,300
Capital Contributions from Eversource Parent 260,000 180,500 180,000
Issuance of Long-Term Debt 600,000 400,000 400,000
Retirement of Long-Term Debt (250,000) (95,000) 0
Other Financing Activities (10,355) (4,915) (3,855)
Net Cash Flows Provided by Financing Activities 260,685 392,125 154,685
Net (Decrease)/Increase in Cash and Restricted Cash 769 11,098 (8,347)
Cash and Restricted Cash - Beginning of Year 17,410 6,312 14,659
Cash and Restricted Cash - End of Year $ 18,179 $ 17,410 $ 6,312